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A VAT is levied on the gross margin at each point in the manufacturing-distribution-sales process of an item. The tax is assessed and collected at each stage, in contrast to a sales tax, which is only assessed and paid by the consumer at the very end of the supply chain.

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Special Considerations

There's been much debate in the U.S. about replacing the current income tax system with a federal VAT. Advocates claim it would increase government revenue, help fund essential social services and reduce the federal deficit. Most recently, a VAT has been advocated by Democratic presidential candidate Andrew Yang.

PS: tax on consumption, not on income ... I can control consumption, but I can't control the government taking money out of my check.

Andrew Yang is the only candidate from either party who has a grasp of the 21st century economy. The rest either want to go back in time and/or bleed what’s left dry for themselves.

It doesn't matter, there are some people you just can't help, not matter how much you try. 20/20 is hindsight and only in hindsight do people realize the mistakes they have made. Of course by then, much of the time its too late ... Que será, será

Meh I don't like anyone who is going to take my money and give it to someone else.

Nobody is "taking your money" when you voluntarily surrender it to the Government in the form of taxes.

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